LOL Got to Love it.

[phaz0rz]

Originally Posted by SaiJin

From what I've seen they are just like other processors.

More like, it's going to be how it is with other sites that already use Adyen (etsy, uber, etc..). But yeah I understand what you mean.

Because other processors are the ones that require extensive information about your business and your personal credit during their application process. I applied with Wells Fargo and TSYS and both of them needed a stack of paperwork a half inch thick.

[nickopedia]

Originally Posted by phaz0rz

I paid my first adyen seller today, I'm pretty sure. It didn't give me a Paypal option and the guy wasn't using a merchant account - so I assume that had to be adyen. He had an obviously phake item listed for an unrealistically low price, with a feedback of 2.

So maybe the approval process isn't going to be so bad.

Hmmm, this is interesting.

Typical Merchant Account underwiting is pretty tough, usually involving a credit check and other verifcations so can't use foofoo docs to get approved.

Some other people here have said Adyen takes a couple days to approve, but it's not clear exactly what that process entails. I would assume they are going to at least ask for EIN/SSN and verify that with 3rd party sources. That of course means no "stealth" account(s).

[Kajunrook]

I finally figured out where you got your handle, you must be 19 with an IQ of 74

Originally Posted by ebaystealth1974

Yeah, really lol...

[SaiJin]

Originally Posted by phaz0rz

More like, it's going to be how it is with other sites that already use Adyen (etsy, uber, etc..). But yeah I understand what you mean.

Because other processors are the ones that require extensive information about your business and your personal credit during their application process. I applied with Wells Fargo and TSYS and both of them needed a stack of paperwork a half inch thick.

Hmmm.... I wonder if it's because I have an established business account and I know the bankers. I never had to provide any kind of documents, they just ask me to sign the papers and off I go.

Regardless, I hope adyen won't be like your wells fargo process.
the one thing that does worry me a little is when the CS told me it could take up to 7 days, but she refuses to tell me why and what kind of things they are actually doing that it takes that long.

She said usual turn around time is about 3 days.

[mcnol012]

It's all about the item, amounts, and quantity

[ebaystealth1974]

Originally Posted by Kajunrook

I finally figured out where you got your handle, you must be 19 with an IQ of 74

Says the guy who still can't figure out the quote function

[phaz0rz]

Originally Posted by Kajunrook

I finally figured out where you got your handle, you must be 19 with an IQ of 74

I thought it was a reference to the Smashing Pumpkins song..

Turns out that song is called "1979" though. :/

[Play]

Originally Posted by Kajunrook

Well I listed slowly,
1st month $60 in sales

2nd $110

3rd $130

4th $150

Fifth month a guy bought 4 of 4 different items and total was $120, INSTANT LIMITATION

The value was fine. I think the issue must of been the items you were selling potentially being risky from PayPals point of view.